SANTA CLARA, Calif. (AP) — SANTA CLARA, Calif. (AP) — Palo Alto Networks Inc. (PANW) on Tuesday reported a loss of $282 million in its fiscal fourth quarter.
On a per-share basis, the Santa Clara, California-based company said it had a loss of 35 cents. Earnings, adjusted for one-time gains and costs, were $1.02 per share.
The results exceeded Wall Street expectations. The average estimate of 15 analysts surveyed by Zacks Investment Research was for earnings of 98 cents per share.
The security software maker posted revenue of $3.41 billion in the period, also topping Street forecasts. Twelve analysts surveyed by Zacks expected $3.35 billion.
For the year, the company reported profit of $307 million, or 40 cents per share. Revenue was reported as $11.48 billion.
For the current quarter ending in October, Palo Alto expects its per-share earnings to range from 96 cents to 98 cents.
The company said it expects revenue in the range of $3.3 billion to $3.31 billion for the fiscal first quarter.
Palo Alto expects full-year earnings in the range of $4.16 to $4.19 per share, with revenue ranging from $14.1 billion to $14.2 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PANW at https://www.zacks.com/ap/PANW
